Chesapeake Energy Corporation Announces $2.25 Billion Barnett Shale Joint Venture with Total E&P USA, Inc.

Chesapeake Energy Corporation announced the execution of an agreement for a $2.25 billion joint venture with Total E&P USA, Inc., a wholly-owned subsidiary of Total S.A. (NYSE:TOT, FP:FP) (“Total”), whereby Total will acquire a 25% interest in Chesapeake’s upstream Barnett Shale assets. Total will pay $800 million in cash at closing and will pay an additional $1.45 billion by funding 60%... 

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Tethys Petroleum Limited: Tajikistan Joint Venture Finalised

Tethys Petroleum Limited announced that the joint venture relating to its Tajik projects previously announced in December 2007 has now been completed and that its interests in Tajikistan have therefore been transferred to its joint venture company Seven Stars Energy Corporation (“SSEC”). The completion of this deal had been waiting on the resolution of certain commercial and business issues... 

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American Petro-Hunter to Purchase Texas Gas Production and Reports on Operations

American Petro-Hunter, Inc. announce that the Company has entered into an agreement whereby the Company intends to purchase production from two existing gas wells from Texas-based Oxalis Energy Group. Under the terms of the Letter of Intent (L.O.I.), the Company is currently undertaking a period of due diligence on the project with a thorough review of project data and well production history of this... 

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Allied Energy Forms Operating Company in Texas

Allied Energy, Inc. announced that the Company has recently formed Allied Operating Texas, LLC, a wholly owned subsidiary of Allied Energy, Inc. “Allied Operating Texas, LLC was formed to operate our East Texas projects,” said Steve Stengell, Allied’s President. Oil and natural gas drilling, completion and production operations involve a high degree of risk and uncertainty. The Company... 

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Avro Energy Continues Work Programs in Northern Louisiana

Avro Energy, Inc. announce that further to the Company’s news release dated September 9, 2009, regarding the acquisition of the Muslow and Caddo Levee Board Leases in Caddo Parish, Louisiana, the Company has deferred payment for the leases until November 20, 2009, at which time $35,000 is due and payable, and an additional $35,000 is due and payable on December 20, 2009. This extension allows... 

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Commencement of Bati Ayazli-1 Exploration well in the Black Sea, Offshore Turkey

Stratic Energy Corporation, a Canadian-incorporated international oil and gas business focused on adding value principally through the appraisal, development and production of existing discoveries, supplemented by a low to moderate risk exploration program announces that operator TPAO, Turkiye Petrolleri Anonim Ortakligi, the Turkish National Oil Company commenced drilling operations on the Bati Ayazli-1... 

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Cabot Oil & Gas Responds to Pennsylvania Department of Environmental Protection Order

Cabot Oil & Gas Corporation reported on its remediation of three frac fluid releases at its Heitsman 4H Well location in Dimock Township, Susquehanna County, Pennsylvania. As reported to the Pennsylvania Department of Environmental Protection (PADEP), on September 16, 2009 during fracing operations being performed by Cabot contractors, Baker Corporation and Halliburton, there were two releases... 

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ProspEx Resources Announces Kakwa Horizontal Well Results and Establishment of New Operating Area in West Central Alberta

ProspEx Resources Ltd. is providing an operational update with respect to certain projects within its 2009 capital program. “Flow test results from our East Kakwa horizontal well have exceeded expectations, validating the concept of a repeatable horizontal drilling development on our lands”, said John Rossall, President and Chief Executive Officer. “I am also excited to announce that... 

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La Cortez Energy Update of the Drilling Operations for the Mirto-1 Well in the Maranta Block in the Putumayo Basin in Colombia

La Cortez Energy, Inc. announce the following operational update: Emerald Energy Plc. , the operator of the Maranta Block where La Cortez will hold a 20% working interest, reached the intended total depth of 11,578 ft on the Mirto-1 exploration well, with oil and gas shows recorded across the four target reservoirs. Three of the four potentially hydrocarbon bearing intervals have been flow tested with... 

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Black Dragon Net Income for the First Two Quarters of 2009 Was Up 14%

Black Dragon Resource Companies, Inc.’s Dr. Gerald Bailey, CEO of Black Dragon, stated that net income for the first six months was $546,443, compared to 2008 of $477,470. This is a 14% increase. Oil and gas income was down 68% compared to 2008. Savings were achieved in administrative expenses which were down 78%, primarily due to non-recurring legal expenses from 2008. The large drop in oil... 

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